Roth Capital lowered the firm’s price target on Lakeland Industries (LAKE) to $19 from $27 and keeps a Buy rating on the shares. The company’s results were more challenged than modeled, with fire sales were impacted by NFPA certification and AFG funding due to government shutdown, the analyst tells investors in a research note. Exacerbating the fire headwinds was weakness in LATAM and increased costs around raw materials, logistics, and other areas, the firm added.
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